Competing for the connected customer—perspectives on the opportunities created by car connectivity and automation

Competing for the connected customer—perspectives on the opportunities created by car connectivity and automation

How the automotive equipment suppliers could cooperate among themselves to develop connected solutions.

Author(s): Advanced Industries

Publisher: McKinsey

Date of publication: 2015

Read this article on the publisher's website [McKinsey]

Summary

On the automotive market, consumers increasingly demand connected solutions, such as traffic information in real time, identification of free parking nearby, etc. Developing such applications consequently offers enormous potential. But to capitalize on it fully, equipment suppliers must find a way to position themselves quickly and on a large scale. According to the authors of this report, equipment suppliers could benefit by pooling resources—even though they are competitors—to collect the greatest amount of data possible to feed these services, while continuing to compete on user interface design.